Hot Research PM

Fed Bats Down BB&T

Sandler O'Neill said an objection to the bank's capital plan will hurt.

On Thursday after the market closed, BB&T announced that the Fed objected to certain elements of its requested capital plan.

It was clear based on BB&T's (ticker: BBT) release, coupled with the Fed's summary document, that the objection related not to quantitative results, but to qualitative factors. To that end, BB&T appeared to do fine...